Most buy-to-let mortgages are not regulated by the Financial Conduct Authority (FCA), unless they fall under certain regulated categories. Find a buy-to-let mortgageHow does a buy-to-let mortgage work? A buy-to-let mortgage allows you to borrow money in order to buy a property that ...
Although it may sometimes be referred to as a holiday home mortgage, this is strictly incorrect, as a second-home mortgage would usually be used to buy a holiday home for private use. That said, some holiday let mortgages may also allows the owner(s) to stay at the property for a ...
Residential mortgages FAQs Can you switch from a buy to let mortgage to a residential mortgage? Yes you can, this is a common scenario for those who have been using abuy-to-let mortgageto let out their home while living abroad, for example, but want to return to the UK. ...
The FCA does not regulate mortgages on commercial or investment buy-to-let properties. Uswitch makes introductions to Mojo Mortgages to provide mortgage solutions. Uswitch and Mojo Mortgages are part of the same group of companies. Uswitch Limited is authorised and regulated by the Financial Conduc...
Although still used by professional landlords, not all lenders offer buy-to-let mortgages for HMO (house of multiple occupancy) properties. Therefore, a HMO mortgage is sometimes referred to separately. It is a standard buy-to-let mortgage; however, there are often more regulations to be aware...
UK Finance has reported on a rise in arrears across both residential and buy-to-let mortgages over the past few months. In the last quarter of 2023, it highlighted a 7% rise in residential, and an 18% rise in buy-to-let mortgage areas. Shared-ownership council A small group of indust...
Can I get a buy-to-let mortgage if I’m over 60 Yes, some lenders do offerbuy-to-letproducts for older borrowers. There can actually be a little more flexibility with upper age limits when it comes to buy-to-let, compared to residential mortgages. A mortgage broker will be able to ...
How do HMO mortgages work? An HMO mortgage works like a traditional buy-to-let mortgage, but not all lenders are happy to offer buy-to-let mortgages on an HMO basis and there are a few key differences: All large HMO properties and some standard HMO properties require a licence before ...
If you are moving home you might be able to keep your existing mortgage and move it over to your new property - this is known as porting
You also obtain greater flexibility to do what you want to with your property, for example, let it out without switching to a buy-to-let mortgage Overpaying when you can afford to do so will reduce the size of your outstanding mortgage balance. This means that if interest rates rise in ...